3M Past Earnings Performance
Past criteria checks 0/6
3M's earnings have been declining at an average annual rate of -26.4%, while the Industrials industry saw earnings growing at 12.9% annually. Revenues have been growing at an average rate of 1.2% per year.
Key information
-26.4%
Earnings growth rate
-26.5%
EPS growth rate
Industrials Industry Growth | 4.9% |
Revenue growth rate | 1.2% |
Return on equity | -143.4% |
Net Margin | -21.4% |
Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How 3M makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
31 Dec 23 | 32,681 | -6,995 | 6,611 | 1,810 |
30 Sep 23 | 32,747 | -7,399 | 6,771 | 1,786 |
30 Jun 23 | 33,054 | -1,465 | 7,124 | 1,820 |
31 Mar 23 | 33,431 | 5,454 | 8,580 | 1,842 |
31 Dec 22 | 34,229 | 5,777 | 6,651 | 1,862 |
30 Sep 22 | 34,762 | 6,575 | 8,450 | 1,889 |
30 Jun 22 | 35,085 | 4,150 | 8,220 | 1,908 |
31 Mar 22 | 35,333 | 5,596 | 6,907 | 1,937 |
31 Dec 21 | 35,355 | 5,921 | 6,812 | 1,994 |
30 Sep 21 | 35,326 | 5,987 | 6,821 | 1,945 |
30 Jun 21 | 34,734 | 5,983 | 6,761 | 1,926 |
31 Mar 21 | 32,960 | 5,765 | 6,674 | 1,845 |
31 Dec 20 | 32,184 | 5,449 | 6,667 | 1,862 |
30 Sep 20 | 31,712 | 5,013 | 6,730 | 1,911 |
30 Jun 20 | 31,353 | 5,166 | 6,510 | 1,893 |
31 Mar 20 | 32,348 | 4,987 | 6,516 | 1,934 |
31 Dec 19 | 32,136 | 4,517 | 6,893 | 1,874 |
30 Sep 19 | 31,970 | 4,948 | 6,218 | 1,821 |
30 Jun 19 | 32,131 | 4,908 | 6,329 | 1,808 |
31 Mar 19 | 32,350 | 5,638 | 6,457 | 1,807 |
31 Dec 18 | 32,765 | 5,349 | 6,527 | 1,816 |
30 Sep 18 | 32,810 | 4,525 | 6,593 | 1,820 |
30 Jun 18 | 32,830 | 4,411 | 6,606 | 1,858 |
31 Mar 18 | 32,250 | 4,137 | 6,536 | 1,872 |
31 Dec 17 | 31,657 | 4,858 | 6,493 | 1,862 |
30 Sep 17 | 30,996 | 5,490 | 6,373 | 1,843 |
30 Jun 17 | 30,533 | 5,390 | 6,363 | 1,802 |
31 Mar 17 | 30,385 | 5,098 | 6,343 | 1,761 |
31 Dec 16 | 30,109 | 5,050 | 6,115 | 1,764 |
30 Sep 16 | 30,078 | 4,933 | 6,100 | 1,735 |
30 Jun 16 | 30,081 | 4,900 | 6,099 | 1,737 |
31 Mar 16 | 30,105 | 4,909 | 6,049 | 1,738 |
31 Dec 15 | 30,274 | 4,833 | 6,167 | 1,751 |
30 Sep 15 | 30,695 | 4,974 | 6,238 | 1,766 |
30 Jun 15 | 31,120 | 4,981 | 6,305 | 1,771 |
31 Mar 15 | 31,568 | 4,948 | 6,401 | 1,781 |
31 Dec 14 | 31,821 | 4,956 | 6,469 | 1,770 |
30 Sep 14 | 31,671 | 4,880 | 6,451 | 1,772 |
30 Jun 14 | 31,450 | 4,807 | 6,463 | 1,758 |
31 Mar 14 | 31,068 | 4,737 | 6,427 | 1,737 |
31 Dec 13 | 30,871 | 4,659 | 6,384 | 1,715 |
30 Sep 13 | 30,689 | 4,547 | 6,343 | 1,695 |
30 Jun 13 | 30,270 | 4,478 | 6,221 | 1,672 |
Quality Earnings: MMM is currently unprofitable.
Growing Profit Margin: MMM is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MMM is unprofitable, and losses have increased over the past 5 years at a rate of 26.4% per year.
Accelerating Growth: Unable to compare MMM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MMM is unprofitable, making it difficult to compare its past year earnings growth to the Industrials industry (2%).
Return on Equity
High ROE: MMM has a negative Return on Equity (-143.36%), as it is currently unprofitable.